Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 26 November 2005 the manufacturer of sports instruments and heart rate monitoring, registering and evaluation equipment, Polar Electro, started codetermination negotiations with all its employees in order to cut an unknown number of jobs. The company is planning to move part of the production to China. The goal of the measures is to reach better cost efficiency. On 16 January 2006, Polar Electro informed of the ended codetermination negotiations. As a result the company will make 65 employees redundant.
Eurofound (2005), Polar Electro, Offshoring/Delocalisation in Finland, factsheet number 62564, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62564.